I'm just watching because I was curious to see how the network/protocol would behave in this situation.

It looks like from look at btcguild's block page, they believe they're finding ALL the blocks from their perspective. In periods where they're finding >50% of the blocks, they're effectively coming up with their own block chain where they're the winner to everything. When they don't manage to muscle out everyone else, they end up losing their whole forked chain.

Is this right? Anyone with more experience with how the block collision scheme works could probably answer this better, but it's kinda interesting to watch the debug log showing the battles.

I'm just watching because I was curious to see how the network/protocol would behave in this situation.

It looks like from look at btcguild's block page, they believe they're finding ALL the blocks from their perspective. In periods where they're finding >50% of the blocks, they're effectively coming up with their own block chain where they're the winner to everything. When they don't manage to muscle out everyone else, they end up losing their whole forked chain.

Is this right? Anyone with more experience with how the block collision scheme works could probably answer this better, but it's kinda interesting to watch the debug log showing the battles.

The longest blockchain will eventually win, so if i0.btcguild has more hashrate than all the soloers and doesn't connect to everyone until later, they will grow a longer blockchain that will orphan all the solo miners generated coins, as previously detailed by me.

Uh.. WTF just happened? ALL of my blcoks just disappeared along with my entire balance.

I think what I mentioned a few posts above yours. Before your block was fully confirmed (>100-120 confirmations), an alternate block chain (probably BTCguild's own view of the winners) managed to get more confirms than the chain your block was in.

And for those of you wondering why a single pool getting >50% of the network's hash rate, consider this an example of what they could do.

Uh.. WTF just happened? ALL of my blcoks just disappeared along with my entire balance.

I think what I mentioned a few posts above yours. Before your block was fully confirmed (>100-120 confirmations), an alternate block chain (probably BTCguild's own view of the winners) managed to get more confirms than the chain your block was in.

And for those of you wondering why a single pool getting >50% of the network's hash rate, consider this an example of what they could do.

Oh and so many people didnt understand when I told them mining at the pool you would have a better chance than solomining at this difficulty.

...In the land of the stale, the man with one share is king... >> Clipse

Uh.. WTF just happened? ALL of my blcoks just disappeared along with my entire balance.

I think what I mentioned a few posts above yours. Before your block was fully confirmed (>100-120 confirmations), an alternate block chain (probably BTCguild's own view of the winners) managed to get more confirms than the chain your block was in.

And for those of you wondering why a single pool getting >50% of the network's hash rate, consider this an example of what they could do.

Yeah but this happened even on blocks that had well over 120+ confirmations.